By: Doug Rosen
See this EUR/CHF technical analysis implemented on a binary options platform.
Looking at the Swissy weekly chart it appears the fib level between the 38.2 and 50.0 has held up and that price is rolling over to the downside. and has already fallen below the 55 ema with a stochastics in the overbought zone. Looking at the daily chart price has already broken the ascending trend line and the 5 ema has crossed below the 21 ema.
Moving over to the 4 hour chart it is obvious we have been making a series of lower highs and lower lows and that this pair is in a downtrend. Zooming in on the 1 hour chart the 5 is also crossing below the 13 and 21 ema's. So, looking at this pair it looks as though the USD is losing strength and this pair will continue to be bearish.
